Goldman Sachs Downgrades Kimco Realty to Neutral, Announces $21 Price Target
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Caitlin Burrows has downgraded Kimco Realty from Buy to Neutral and set a price target of $21.
August 16, 2023 | 9:05 am
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Kimco Realty has been downgraded from Buy to Neutral by Goldman Sachs, with a new price target of $21.
The downgrade from Buy to Neutral by Goldman Sachs indicates a less optimistic outlook for Kimco Realty. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $21 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100